PEPE is under pressure as its price approaches the critical level of $0.00001731, a support area that has repeatedly tested the bulls’ strength. The renewed bearish momentum highlights growing concerns about the token’s ability to maintain stability in the face of intensified trading activity. Recent efforts to stimulate the recovery have been met with resistance, leaving PEPE vulnerable to further declines if the current trajectory persists.
The $0.00001731 level has emerged as a key battleground, whose holding ability will determine whether PEPE can stage a comeback or succumb to a deep correction. A break below this support could increase negative sentiment, open the door to further losses and reduce market confidence. Conversely, if the bulls manage to defend this level, it may give the bulls an upward momentum.
Renewed Sales Pressure Challenges PEPE’s Recovery Efforts
PEPE’s price trajectory has encountered renewed selling pressure, raising doubts about its ability to sustain a meaningful recovery. As prices approach the critical level of $0.00001731, bearish sentiment seems to dominate the market. This level now serves as an important support point, and its breach may exacerbate the decline, causing further declines.
Despite recent efforts by the bulls to stabilize the price, heavy selling pressure has dampened recovery efforts. Market participants are looking closely for signs of strength at this support level, as a successful defense may revive optimism. However, failure to hold above $0.00001731 could indicate a long pessimistic phase, leaving PEPE vulnerable to a deep correction in the near term.
In addition, the current technical setup raises the possibility of additional movements. Indicators such as the Relative Strength Index (RSI) hover near the oversold zone, indicating weak bullish momentum and the possibility of further selling pressure. Similarly, the Simple Moving Average (SMA) shows bearish crossovers, reinforcing the downward trajectory.
Key Standards to Watch: The Way Ahead for PEPE
As PEPE faces renewed bearish pressure, the $0.00001731 support level has become a focal point for its price action. This level is of critical importance, as a strong defense may trigger a pullback, allowing the bulls to regain momentum and push the price to the resistance level of $0.00002188. A successful rebound from $0.00001731 could open the door to further gains, indicating a potential recovery.
However, if the support level of $0.00001731 fails to hold, PEPE may drop further, at which point the important support area of ​​$0.00001313 will come into play. A further violation of this level will indicate weakness, which may cause a negative movement that lowers the price to the $0.00001152 level. Such a move would indicate a deep correction in the market and may suggest that the bears are firmly in control, pushing PEPE into a long downward trend.
